Monthly Rent Report
Financial District Rent Report — May 2024
Asking rents in ZIP 10005, New York City, from 855 listings.
Median 1BR rent in Financial District was $4,707 in May 2024, down 8.2% (−$423) from April 2024 and down 14.4% year-over-year. The middle half of 1BR listings asked between $3,850 and $4,892. That puts Financial District $2,282 above the New York City citywide 1BR median of $2,425. The month's figures are based on 855 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,850 | −$17 (-0.5%) | −$270 (-6.6%) | $3,683 – $4,019 | 359 |
| Studio | $3,830 | −$37 (-1.0%) | −$290 (-7.0%) | $3,565 – $4,200 | 59 |
| Studio | $3,838 | −$30 (-0.8%) | −$282 (-6.9%) | $3,556 – $4,081 | 4 |
| 1BR | $4,707 | −$423 (-8.2%) | −$793 (-14.4%) | $3,850 – $4,892 | 162 |
| 1BR | $4,994 | −$136 (-2.7%) | −$506 (-9.2%) | $4,740 – $5,189 | 12 |
| 1BR | $5,315 | +$185 (+3.6%) | −$185 (-3.4%) | $4,983 – $5,770 | 59 |
| 2BR | $6,950 | −$472 (-6.4%) | +$22 (+0.3%) | $6,540 – $7,500 | 9 |
| 2BR | $6,795 | −$627 (-8.4%) | −$133 (-1.9%) | $6,795 – $6,795 | 1 |
| 2BR | $5,031 | −$2,391 (-32.2%) | −$1,897 (-27.4%) | $3,454 – $7,092 | 130 |
| 3BR | $4,500 | −$3,750 (-45.5%) | −$6,868 (-60.4%) | $4,400 – $6,486 | 38 |
| 3BR | $10,564 | +$2,314 (+28.0%) | −$804 (-7.1%) | $10,564 – $10,934 | 5 |
| 3BR | $7,995 | −$255 (-3.1%) | −$3,373 (-29.7%) | $7,995 – $7,995 | 1 |
| 4BR | $6,550 | — | — | $6,450 – $6,635 | 8 |
| 4BR | $6,550 | — | — | $6,450 – $6,635 | 8 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,850 | $2,350 | +$1,500 (+63.8%) |
| Studio | $3,830 | $2,350 | +$1,480 (+63.0%) |
| Studio | $3,838 | $2,350 | +$1,488 (+63.3%) |
| 1BR | $4,707 | $2,425 | +$2,282 (+94.1%) |
| 1BR | $4,994 | $2,425 | +$2,569 (+105.9%) |
| 1BR | $5,315 | $2,425 | +$2,890 (+119.2%) |
| 2BR | $6,950 | $2,914 | +$4,037 (+138.5%) |
| 2BR | $6,795 | $2,914 | +$3,882 (+133.2%) |
| 2BR | $5,031 | $2,914 | +$2,118 (+72.7%) |
| 3BR | $4,500 | $3,600 | +$900 (+25.0%) |
| 3BR | $10,564 | $3,600 | +$6,964 (+193.4%) |
| 3BR | $7,995 | $3,600 | +$4,395 (+122.1%) |
| 4BR | $6,550 | $4,250 | +$2,300 (+54.1%) |
| 4BR | $6,550 | $4,250 | +$2,300 (+54.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.